Banco Mercantil do Brasil S.A. announced that it has received the approval from the Brazilian Central Bank to purchase the Oversubscribed Notes with respect to certain of its outstanding 9.625% Subordinated Notes due 2020. This announcement is in connection with the Bank's offer to purchase for cash up to USD 30,000,000 (the "Tender Cap") of the Notes, from holders thereof (each, a "Holder" and collectively, the "Holders"), upon the terms and subject to the conditions in the Offer to Purchase dated June 15, 2015 (the "Offer to Purchase") and in the related Letter of Transmittal dated June 15, 2015 (the "Letter of Transmittal" and, together with the Offer to Purchase, the "Offer Documents"), which together constitute the Offer (the "Offer"), announced to the market on June 15, 2015. By June 26, 2015, at 5:00 p.m. EST (the "Early Tender Date"), the Bank had received valid tenders from Holders of USD 67,093,000 in principal amount of Notes in accordance with the Offer Documents, the Bank exercised its option to increase the Tender Cap from USD 30,000,000 to USD 35,564,000.00.

Pursuant to the Offer Documents, in case of oversubscription, validly tendered Notes may be accepted for purchase on a prorated basis up to the amount of the Tender Cap. Accordingly, Notes tendered prior to the Early Tender Date that were accepted by the Bank were purchased on June 30, 2015 (the "Early Settlement Date") on a pro-rata basis in the aggregate amount of USD 35,564,000.00, resulting in an amount of USD 31,529,000 of Notes that were early tendered, but not early settled due to the subscription above the Tender Cap and oversubscription beyond the increased Tender Cap (the "Oversubscribed Notes"). On June 29, 2015, in accordance with the terms of the Offer Documents, the Bank announced that it was seeking approval from the Central Bank to purchase the Oversubscribed Notes.

Pursuant to official letters dated as of June 11, 2015 and July 17, 2015, the Central Bank approved the purchase of the Oversubscribed Notes by the Bank.